Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY) Sees Large Decrease in Short Interest

Key Points

• Short interest plunged 98.5% in April to just 1,448 shares as of April 15, leaving roughly 0.0% of shares sold short and a days‑to‑cover ratio effectively at 0.0 days for AMADY.
• Shares traded at $58.98 on Friday, the company has a market cap of $26.57 billion and a P/E of 17.40, with 50‑day and 200‑day moving averages of $58.81 and $68.00 respectively.
• Amadeus beat the quarter with $0.84 EPS (vs. $0.76 expected) and $1.91B revenue (vs. $1.89B expected); analysts have a consensus "Moderate Buy" even as Citigroup downgraded the stock to "Hold."

Amadeus IT Group SA Unsponsored ADR (OTCMKTS:AMADY - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 1,448 shares, a drop of 98.5% from the March 31st total of 93,981 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 536,887 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Separately, Citigroup lowered shares of Amadeus IT Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amadeus IT Group currently has a consensus rating of "Moderate Buy".

Amadeus IT Group Stock Performance

AMADY traded up $1.28 during trading on Friday, hitting $58.98. The stock had a trading volume of 51,947 shares, compared to its average volume of 217,147. The firm has a market capitalization of $26.57 billion, a P/E ratio of 17.40, a PEG ratio of 2.28 and a beta of 0.79. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.82 and a current ratio of 0.82. Amadeus IT Group has a twelve month low of $54.75 and a twelve month high of $85.89. The company's 50-day moving average price is $58.81 and its 200 day moving average price is $68.00.

Amadeus IT Group (OTCMKTS:AMADY - Get Free Report) last released its earnings results on Friday, February 27th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.76 by $0.08. Amadeus IT Group had a net margin of 20.45% and a return on equity of 27.61%. The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.89 billion. On average, equities research analysts forecast that Amadeus IT Group will post 4.09 EPS for the current fiscal year.

Amadeus IT Group Company Profile

Amadeus IT Group is a global travel-technology company that develops and supplies software and IT services for the travel and tourism industry. Founded in the late 1980s as a technology venture by a group of European airlines, Amadeus has evolved into an integrated provider of distribution, passenger service systems and operations software used across the travel value chain. The company's platforms support booking, ticketing, departure control, inventory and other core travel transaction functions for industry participants.

Amadeus's product offering spans a global distribution system used by travel agencies and online travel sellers, airline passenger service systems (notably the Altéa suite), airport operations and departure control solutions, as well as software for hotels, rail operators and car rental companies.

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